What Is PAX Gold (PAXG)?
PAX Gold is a token issued by Paxos as the ownership certificate of one fine troy ounce (t oz) of a London Good Delivery (LGD) gold bar. As LGD bars usually have variable weights, Paxos specifically states that their gold holdings are selected with care so that each bar weighs 400 oz.
How PAX Gold (PAXG) Works
PAXG can be considered a stablecoin, whose value is pegged to the physical asset of gold rather than fiat currencies. Therefore it is Paxos’ responsibility to make sure that the supply of PAXG equals the amount of gold in custody. However, PAXG is ‘highly accessible’, highly divisible and much more liquid than an actual gold bar. Institutional owners can also exchange PAXG for the US-Dollar at current gold prices.
How Many PAX Gold (PAXG) Tokens Are In Circulation?
PAXG has a current circulating supply of 304,603 tokens (as of October 13, 2022) according to data by Messari. This number represents the number of PAXG tokens ready to be exchanged immediately, that is, there can be other PAXG held by investors as well. PAXG has no hard cap because new tokens can be minted as long as Paxos accumulates enough physical LGD bars to back the new ones.
How to Buy PAX Gold (PAXG)
Consider investing in PAX Gold (PAXG)? It only takes 2 minutes to create an account on Bitget and start trading PAXG.
Check out the available PAXG trading pairs on Bitget!
Spot market
PAXG on Bitget MegaSwap (ERC-20 BEP-20)
Related Pages
Simple 3-step guide to buying PAXG today in Canada
Create your free Bitget account
Select a funding method
Complete your PAX Gold purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for PAX Gold using a payment method of your choice:
Buy PAX Gold with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tabCredit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget website
Select your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget website
For Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your PAX Gold order.How to buy crypto with credit/debit cardBuy PAX Gold with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into PAX Gold is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your PAX Gold order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your PAX Gold order.Buy PAX Gold with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your PAX Gold order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor PAX Gold in your Bitget spot wallet

Bitget—where the world trades PAX Gold
How to buy PAX Gold for free
- Learn how to earn PAX Gold for free through the Learn2Earn promotion
- Earn free PAX Gold by inviting friends to join Bitget's Assist2Earn promotion
- Receive free PAX Gold airdrops by joining ongoing challenges and promotions

Buy PAX Gold
Buy other cryptos
Buy PAX Gold in a different country

FAQ
Can I buy $1 worth of PAX Gold?
Can I buy $10 of PAX Gold?
Where else can I buy PAX Gold?
Where is the best place to buy PAX Gold?
Should I buy PAX Gold right now?
Canada is a country located in North America, it is bordered by the United States on land and the Atlantic Ocean to the east, and the Pacific Ocean to the west. Canada is not only the second-largest country by the total area of land, but also has the world's longest land border. Canada has a population of 36,991,981, and the currency is the Canadian dollar (CAD). The official languages in Canada are English and French, and both languages are supported on Bitget app and website.
The climate in Canada varies across different regions within the country, some of the areas experience harsh winters (with an average daily temperature of -15 °C). Much of the land in the northern part of Canada is covered by ice and permafrost and it is home to the Inuit people in Canada. The Inuit are the indigenous group of people who live in extremely cold weather such as in places like Alaska, northern Canada, and Greenland. You can go to Inuit Nunangat, a place where many Inuit people live, to experience the weather and see the houses that are made out of the seal’s skin.
Whether you are in Montreal, Calgary, or Vancouver, Bitget is ready to serve you with any kind of cryptocurrency needs. You can buyPAX Gold(PAXG)easily on Bitget, and enjoy full products and services such as crypto deposit, P2P, spot, and futures trading.
When investing in crypto currencies you want to be sure to rely on one of the best canadian crypto exchanges. Bitget is listed among the top crypto exchanges in Canada and offers a variety of crypto trading products to provide you with the best trading instruments in the crypto market.
With the Bitget App you will be able to track all the crypto currency prices at anytime. Whether you are a daily trader or a long term holder in Bitget you will find products for spot trading, cryptocurrency futures, trading bots, copytrading and much more.
If you haven’t heard of it yet, socia l trading and copytrading are some of the new trading concepts in the crypto industry. Those instruments allow you to look for the best crypto traders on Bitget and copy their strategies.